MoneyGram and Guaranty Trust Bank (GTB) have announced the launch of MoneyGram’s receive services across the GTBank network.
This facility according to a statement, will be available through MoneyGram’s cash to account service. MoneyGram CEO Alex Holmes and GT Bank general manager, operations division, Tayo Asupoto made the announcement during a signing ceremony at the Intercontinental Hotel in Lagos.
He said customers in Nigeria can now receive money from friends and family in 129 countries directly into their personal GTBank accounts within minutes. These funds can be accessed, as customers would normally do on all deposits into their accounts either in person, online or through an Automated Teller Machine (ATM). “Remittances are crucial to Nigeria’s economy. Nigerians living abroad sent more than $21 billion back into the country in 2015,” said Holmes.
“MoneyGram’s account deposit service makes it easy and convenient for both the sender and the receiver to transfer and receive funds. We are pleased to work with GT Bank and we are proud to be connected to almost 1.5 billion bank accounts in five of the world’s largest remittance receive markets — Nigeria, China, India, Mexico and the Philippines.”
